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Moody's affirms Mediacom
Moody's Investors Service affirmed its SGL-2 speculative grade liquidity rating for Mediacom Communications Corp.
Moody's said the SGL-2 rating continues to reflect the company's "good" liquidity profile as anticipated over the forward 12-month period.
Moody's said it believes that cash flow from operations should be sufficient to fund planned capital expenditures and debt service requirements and further that the company continues to maintain sufficient covenanted availability under its three revolving credit facilities if needed to cover any requisite interim period cash burn.
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